Legal Question in Credit and Debt Law in California

nationstar mortgage recently forclosed on my investment property, due they have a right to persue me for the back payments and cost related to the forclosure, if so can they lien my other property?

Asked on 5/23/12, 4:18 pm

1 Answer from Attorneys

Timothy McCormick Libris Solutions - Dispute Resolution Services

If by "foreclosed" you mean they sold it at a trustee's sale under the power of sale clause of a deed of trust (which is ALMOST always what "foreclosed" means in California), then they are prohibited by the "one form of action rule" from doing anything else to pursue collection of the debt or any fees and costs associated with it.

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Answered on 5/23/12, 4:24 pm

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